In this article, we cover key economic releases amidst Trump's tariff hikes and resulting recession fears. We also look at what investors are watching leading up to the May 6 FOMC meeting, and how it might affect global markets and Bitcoin.

It's a tricky time for global financial markets, with worries swirling around US trade policy and its potential economic effects. Big tariff hikes in the ongoing US-China trade war have made the future feel uncertain, shaking things up for traders and investors.

As everyone tries to make sense of it all, key economic reports are giving us clues. Meanwhile, all eyes are on the upcoming Federal Open Market Committee (FOMC) meeting on May 6-7, 2025, for hints about where interest rates might be headed. Let's break down the latest data and look ahead to what the Fed might say.

Economic numbers released so far in April have significantly influenced market sentiment amid trade tensions and policy questions. These reports offer a snapshot of the US economy's health just before the newest tariffs start making their mark.

The US job market is still holding up, though some details suggest caution. Initial jobless claims for the week ending April 12 

. That's the lowest since February, and better than the 225,000 applications economists predicted, suggesting companies didn't immediately cut jobs after US president Donald Trump's 

However, continuing claims — the number of people receiving unemployment benefits after the first week — edged up slightly to 1.89 million for the week ending April 5. While new claims are low, higher continuing claims compared to a year ago suggest it might be getting tougher for laid-off workers to find new jobs. A strong job market could mean the Fed feels less pressure to cut interest rates, potentially helping the US dollar but weighing on riskier assets like stocks and crypto.

Good news arrived with the Consumer Price Index (CPI) report 

, showing inflation cooled more than expected in March. Headline CPI dipped 0.1% from the previous month, pulling the yearly rate down to 2.4% (from 2.8% in February), below the 2.6% Wall Street forecast.

More importantly for the Fed, core CPI (excluding food and energy) only nudged up 0.1% monthly. This brought the annual core rate down to 2.8%, its lowest since March 2021 and better than the 3% forecast. Lower energy costs — especially gas (−6.3% MoM) — played a big part. While softer inflation usually supports rate cuts, the looming impact of tariffs complicates things, as these duties are expected to push prices higher.

Following the encouraging CPI numbers, the Producer Price Index (PPI) on April 11 also pointed to easing costs for producers. Headline PPI 

 in March against forecasts of a 0.2% rise, slowing the annual rate sharply to 2.7% from 3.2%. Core PPI also fell 0.1% month-over-month, bringing its yearly rate to 3.3%.

Falling energy prices were again a major factor. But the report wasn't all positive — it showed early signs of tariffs hitting, with wholesale iron and steel mill prices jumping 7.1% in March, the biggest monthly leap since April 2021. If these input costs keep rising due to tariffs, it could squeeze company profits and push bond yields higher.

Markets have been volatile, reacting to economic data and trade policy shifts. US stocks saw big swings, with the S&P 500 reacting to both tariff fears and inflation news. When Trump 

 (excluding China) on April 9, it sparked a major relief rally. The S&P 500 had its 

, gaining 9.5% following the news, but overall uncertainty still lingers.

Bitcoin's price certainly reflected this turbulence. Following the April 1 JOLTS report

 from $82,563 to hit a recent high of $86,891 on April 2. However, the gains didn't last, as the price subsequently fell to $74,830 by April 7 amid intensifying US-China trade war tension. 

A recovery brought BTC back to $83,020 by April 10, but it dipped again before getting a boost from the better-than-expected core PPI report on April 11. This pushed the price up from $79,664 on April 11 to $84,074 by April 17. As of April 22, 2025, Bitcoin is trading at around $88,000.

As the US dollar weakened and recession worries grew, gold prices 

, hitting record highs as investors sought safety in the precious metal.

Fed FOMC on May 6–7: What are investors watching?

The upcoming FOMC meeting on May 6–7 is a key focus for traders seeking clarity on interest rates. Markets widely expect the Fed to keep the federal funds rate steady at 4.25%–4.50%. Although March's inflation cooled somewhat, it's still above the Fed's 2% target. Officials have signaled patience, especially with the job market looking stable — something Fed Chair Jerome Powell recently described as being in 

Most investors will watch the FOMC's statement and Powell's press conference for changes in tone, especially regarding tariffs. Fed officials like New York Fed President John Williams have acknowledged tariffs will likely boost inflation and slow growth.

 GDP growth could fall below 1% and inflation could rise to between 3.5% and 4% this year, due to tariffs and less immigration, stating it's "simply too early to know the answers" because of the uncertainty. Powell himself also noted signs the economy might have slowed in the first quarter.

While a May rate cut looks highly unlikely — the 

 shows slim odds — investors will listen for hints about when future cuts might occur. Market analysis suggests a cut at the June 18 meeting is more likely than not. Further out, markets might be pricing in about 

, but predictions vary (from one cut to five). Any sign that cuts could be delayed beyond June, or that the Fed is more worried about inflation, could negatively impact risk assets such as crypto.

Current market sentiment has sunk to extreme fear territory for the past month. Tariffs and recession fears drove a sharp sell-off in global markets and crypto, while economic data is sending mixed signals — a strong job market alongside cooling March inflation right before new tariffs hit.

The upcoming FOMC meeting is pivotal. A rate hold is expected, but the Fed's view on tariff impacts and future rate cuts will be critical. Crypto and equity traders should pay close attention to Fed communications and economic data in order to navigate the uncertainty and adjust their strategies.

If you're looking to diversify or manage risk across different assets, 

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Macro this week: Tariffs, recession fear and the Fed’s next move ahead of May 6 FOMC meeting

BTC's price moves in response to the Fed's announcements, as its decisions on interest rates, inflation and liquidity impact investor sentiment and risk appetite.

 might be decentralized, but its price movements are influenced by global events, including US monetary policy. Every time the US Federal Reserve makes a statement or shifts its tone, Bitcoin traders react swiftly. Why does a traditional institution such as the Fed have such a strong grip on the crypto market? This article examines how and why BTC’s price responds to Fed announcements, from interest rate decisions to inflation outlooks.

​The Federal Reserve (the Fed) is the independent central bank of the United States, tasked with managing monetary policy to promote maximum employment and stable prices and to moderate long-term interest rates. Its decisions ripple through every financial market, including cryptocurrencies such as Bitcoin.

The Fed’s primary functions include the following:

The Federal Open Market Committee (FOMC) is the Fed’s policy‑making body, 

 of the Board of Governors, the president of the New York Fed and four rotating presidents of regional Federal Reserve Banks. They meet eight times a year to review economic conditions and set policy.

Decisions made during these meetings — especially regarding interest rates — are highly anticipated by financial markets. Traders analyze not only rate decisions but also the tone of the Fed’s statements. A "hawkish" tone signals higher rates to fight inflation, while a "dovish" tone suggests looser policy that aims to stimulate growth.

As the issuer of the world's primary reserve currency, the Fed's policy decisions have global ramifications, influencing borrowing costs and impacting assets such as bonds, equities, commodities and even cryptocurrencies like Bitcoin. This global impact explains why traders and investors closely analyze these statements and adjust their strategies accordingly. 

Key Fed events that have triggered BTC volatility

From interest rate decisions to inflation commentary and economic outlooks, key communications from the Fed often lead to sharp swings in BTC’s price.

Why does BTC’s price move every time the Fed speaks?

BTC’s volatility in response to Fed speeches boils down to macroeconomic influence. Fed announcements shape expectations for inflation, interest rates and liquidity, which are key factors for crypto markets. Following are some real-world reactions.

September 2024 — Fed cuts rates by 50 bps

 its benchmark interest rate by half a percentage point. This move was more aggressive than the 25 bps cut many investors had anticipated.

Following the announcement, Bitcoin's price surged toward $61,000. The larger-than-expected rate cut signaled increased liquidity and a more accommodative monetary policy, boosting investor confidence in risk assets such as cryptocurrencies. 

 at 4.25%–4.50% while tapering quantitative tightening, announcing a reduction in Treasury rolloffs from $25 billion to $5 billion per month. Despite downgrading growth forecasts, the Fed maintained three rate cuts in its 2025 projections, and avoided hawkish rhetoric on inflation overshoot. 

Bitcoin responded by skyrocketing 20% to $86,000 with traders interpreting these signals as sustained monetary support. This surge demonstrated how a dovish hold — coupled with clear guidance on balance sheet policy — can unleash rapid risk‑asset appreciation.

On Apr 16, 2025, Fed Chair Jerome Powell 

 that Trump’s new tariffs could drive inflation higher while choking off growth, mirroring 1970s‑style stagflation. He said the Fed would “wait and see” before shifting interest rates. Bitcoin briefly jumped toward $86,000 as traders eyed it as an inflation hedge, but then tumbled about 2.5% to roughly $83,700 within minutes, mirroring a broader stock sell‑off. By the next day, BTC had climbed back near $85,000 as markets digested the news.

Powell’s comments added uncertainty to the Fed’s policy outlook. While some view Bitcoin as a hedge against inflation and a way to escape traditional financial risks, it still tends to move with risk assets like stocks, often falling on poor economic news.

What traders and investors are really reacting to

When the Fed speaks, crypto traders read between the lines. Every speech, press release or policy statement is scrutinized for forward guidance.

Trading Bitcoin around major news — especially when it comes to the Fed — requires a disciplined approach.

The bigger picture: Is BTC becoming more macro sensitive?

Yes. Bitcoin's price is becoming more influenced by broader economic trends, such as monetary policies and financial market dynamics. In its early years, Bitcoin's value was driven mainly by internal factors like technological advancements and crypto-specific sentiment. However, with growing institutional adoption, Bitcoin has become more tied to traditional financial markets.

For instance, in March–April 2024, BTC 

, echoing similar rallies in stocks and bonds. This move demonstrated how Bitcoin’s price is now closely tied to macro liquidity and institutional trading flows, behaving more and more like a high-risk asset.

Predicting BTC price via the Bybit FOMC Brawl

Think you’ve got a read on how Bitcoin will react to the next Fed move? Put your prediction to the test with Bybit’s FOMC Brawl — a price prediction event that makes macro-driven trading fun, easy and potentially rewarding, with a total 20,000 USDT prize pool up for grabs through May 7, 2025, 10AM UTC.

 events. The first one splits users into two groups:

) expiring by May 9, 2025, and you’ll automatically be placed in the corresponding camp. The team with the highest trading volume wins, with the 18,000 USDT prize pool to be split proportionally among participants.

There’s also a second event with a prize pool of 2,000 USDT, exclusively for new users who sign up for the event and buy BTC Call or Put Options with an expiration on or before May 9, 2025 and achieve an effective USDT Options trading volume > 0. 

Bitcoin’s price reacts to Federal Reserve announcements because the Fed’s policies on interest rates, inflation and liquidity directly impact investor risk appetite and market dynamics. Rate hikes or cuts alter the appeal of risk assets such as BTC, while inflation fears or economic uncertainty drive demand for alternatives. Traders monitor Fed signals to anticipate liquidity changes and adjust strategies, cementing BTC’s role as a macro-influenced asset. As institutional adoption grows, Bitcoin increasingly mirrors traditional markets’ sensitivity to macroeconomic shifts.

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Explainer: Why does BTC’s price move every time the Fed speaks?

Walrus is a decentralized storage protocol that efficiently manages large data files (blobs) through an innovative encoding method called Red Stuff. Learn more.

 systems excel at managing decentralized computation, but struggle with efficiently storing and retrieving substantial chunks of data. Enter Walrus (WAL), a groundbreaking decentralized storage protocol built on the 

Designed to solve storage limitations while maintaining the security and decentralization principles of 

, Walrus represents a significant advancement in blockchain infrastructure. This article explores what Walrus is, how it works and why it might be the future of decentralized data storage.

 is a decentralized storage protocol that efficiently manages large data files (blobs) through an innovative encoding method called Red Stuff. It operates on the Sui blockchain with a network of independent storage nodes to ensure high integrity, availability and authenticity for 

Walrus emerged from Mysten Labs, creators of the high-performance Sui blockchain. Recognizing a fundamental challenge in web3, the team set out to solve the problem of efficient data storage that had plagued blockchain systems since their inception.

Mysten Labs identified that traditional approaches required complete data replication across all validators, creating exponential costs at scale. This inefficiency made storing substantial files prohibitively expensive and limited blockchain applications.

The team developed the revolutionary Red Stuff encoding protocol, delivering the speed and efficiency of centralized storage while preserving principles of decentralization. In March 2025, Walrus secured $140 million in funding, led by Standard Crypto, with participation from a16z crypto, Electric Capital and Franklin Templeton Digital Assets.

Walrus tackles the fundamental problem of storage inefficiency in blockchain systems. Traditional blockchains require every validator to replicate all data, creating exponential costs as networks scale. Such inefficiency has prevented widespread adoption of decentralized storage for data-intensive applications.

Walrus solves the cost barrier through its innovative Red Stuff encoding technology. By eliminating unnecessary redundancy but maintaining security, Walrus dramatically reduces storage expenses as compared to existing solutions. The resulting cost structure makes decentralized storage economically viable for everyday applications that were previously priced out of the market. 

In addition, Walrus addresses the scalability limitations that plague current decentralized storage networks. Existing solutions often collapse under large datasets, while Walrus's architecture efficiently handles terabytes of information across 

, gaming assets, social media content and AI data. 

Finally, Walrus resolves the centralization problem inherent in traditional storage solutions. By removing single points of control, Walrus prevents censorship and unauthorized data manipulation. Applications built on Walrus benefit from guaranteed data availability and integrity, free from centralized authority interference.

Walrus uses Red Stuff encoding with two-dimensional erasure coding to store and retrieve data efficiently. The protocol achieves faster processing across its storage network by employing simple XOR operations instead of complex calculations.

 (DPoS) consensus model, whereby users stake WAL tokens to participate. 

 with higher stakes store and serve data during each epoch, aligning economic incentives with network security.

When users upload files, Walrus divides them into "slivers" distributed across multiple nodes, creating redundancy that preserves availability even when some nodes fail. Operations are organized into epochs, with committees of storage nodes managing network data, while Sui blockchain integration handles coordination, verification and economic incentives.

Walrus offers several innovative features that enhance its functionality as a decentralized storage solution.

 WAL tokens to participate in network operations, while storage providers stake to secure validator positions. Malicious behavior faces swift consequences via slashing penalties targeted at dishonest participants.

The protocol distributes rewards to storage nodes based on their staked amount and performance. Reliable operation and data integrity receive financial incentives, encouraging operators to maintain a long-term commitment, since they benefit from the network's continued growth.

WAL staking empowers token holders with governance authority over the protocol's future. Stakeholders vote on critical upgrades, parameter adjustments and strategic initiatives, ensuring Walrus evolves according to community needs, rather than vis centralized decision-making.

Walruscan serves as the comprehensive network explorer for the Walrus ecosystem, offering transparency into all operations. The dashboard presents real-time storage metrics, currently tracking approximately 309 TB used across 3.5 million blobs within the total available capacity of 4,123 TB.

Users can monitor network activity, including writes, reads and node performance. These metrics allow users to evaluate storage providers based on actual performance rather than marketing claims, helping them select reliable operators for their specific needs.

Walruscan also verifies data availability and provides detailed statistics on pricing, staking amounts and reward distribution. By making these metrics publicly accessible, the explorer fosters accountability and trust between users and service providers while providing valuable insights for investment and development decisions.

NFT projects can leverage Walrus to securely store metadata and digital assets. The protocol's tamperproof storage ensures the longevity and authenticity of valuable digital collectibles while maintaining consistent accessibility.

Decentralized social media platforms can benefit from Walrus's ability to store user-generated content efficiently at scale. Images, videos and text can be distributed across the network without relying on centralized servers, creating truly censorship-resistant platforms.

AI development teams can utilize Walrus to maintain data provenance throughout the machine learning lifecycle. Datasets create verifiable records of origin and modifications, critical for regulatory compliance and ethical AI development.

DApps can overcome storage limitations through Walrus integration. Because computation is separated from storage concerns, DApps can handle larger datasets without sacrificing decentralization principles, while blockchain gaming can achieve new levels of asset persistence and player ownership.

Walrus achieved a major milestone in March 2025 with its successful mainnet launch, securing immediate listings on prominent exchanges such as Bybit. Prior to this, the team conducted rigorous testing of the Red Stuff encoding algorithm while attracting $140 million in funding from leading investors.

For Q2 2025, Walrus plans to establish strategic partnerships with major DApps across multiple blockchain ecosystems. Its Q3 2025 road map focuses on security enhancements with encrypted storage and customizable access control systems, particularly benefiting users with sensitive data requirements.

In Q4 2025, Walrus will prioritize network scaling and performance optimization in order to handle increasing data volumes while maintaining efficiency. Looking to 2026, development will center on comprehensive developer tools, including language-specific SDKs and integration frameworks to simplify building with Walrus.

 powering the Walrus ecosystem. Its maximum supply is 5 billion tokens. WAL enables storage payments, validator staking and governance participation across the network.

Walrus’s tokenomics model creates natural demand as users purchase storage with WAL, while validators stake tokens to secure operations and earn rewards. Governance rights empower WAL holders to vote on upgrades and parameter adjustments, ensuring the protocol evolves according to stakeholder priorities.

The WAL token is to be allocated as follows: 

WAL’s distribution will follow a strategic release schedule extending to March 2033, with vesting periods ranging from 50 months to 8 years.

WAL's price trajectory is closely tied to Walrus's growth as a decentralized storage solution for web3 applications. Currently trading at approximately $0.4138 (as of Apr 17, 2025), WAL has shown promising momentum following its recent mainnet launch and exchange listings.

While cryptocurrency price predictions are inherently speculative, several analysts have offered forecasts for WAL's future value. CoinCodex 

 $0.50 and $1.04 in 2026, with an average price of $0.75. Looking further ahead to 2030, CoinCodex forecasts suggest a range from $1.12 to $1.59.

DigitalCoinPrice offers a similar outlook, predicting that 

 $0.81 and $0.97 by the end of 2026, with the most likely price hovering around $0.90. For 2030, DigitalCoinPrice anticipates WAL potentially crossing the $2.00 threshold.

These projections suggest a positive long-term outlook for WAL, supported by growing demand for decentralized storage solutions. However, WAL's future value will ultimately depend upon Walrus's technological development, widespread adoption across various web3 sectors and broader cryptocurrency market conditions.

Looking to trade Walrus tokens? Bybit now offers the WAL/USDT Spot trading pair. To get started, you'll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While Walrus demonstrates innovative technology and strong backing in the decentralized storage space, investors must carefully weigh its growth outlook against potential risk factors.

WAL shows promising potential, with substantial financial backing and innovative encoding technology. Increasing demand for decentralized storage solutions provides a favorable market environment. However, potential investors should 

, particularly given Walrus's early position in its development journey.

Walrus revolutionizes web3 data storage by combining innovative Red Stuff encoding with Sui blockchain technology to deliver efficient, secure solutions for NFTs, social platforms, AI, gaming and DApps. With substantial funding, technical advantages and growing market need, Walrus demonstrates tremendous potential for the future of web3 data management.

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Walrus (WAL): Your solution for large-scale data on web3

The proposal suggests replacing Ethereum’s current execution layer (EVM) with RISC-V, aiming to improve scalability, simplify the execution layer, and boost efficiency.

The S&P 500 dropped 2.36% as all sectors fell amid Fed concerns and China trade tensions. Gold hit a record high above $3,450 amid rising haven demand driven by recession fears, USD weakness, and Trump’s attacks on Fed Chair Powell. Market uncertainty and geopolitical tensions continue to support the rally. Despite the pullback, the uptrend remains intact. The Coindesk Indices, which tracks the broader crypto market, are down by 0.63%, Bitcoin rose 3.33% while Ether fell 0.81% over the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is BERA, up 3.0%, following Berachain's Governance Guardians announcement, new ecosystem projects, and community updates.

Berachain (BERA), launched in August 2021, is a high-performance Layer 1 blockchain that uses a Proof-of-Liquidity consensus mechanism to enhance network security through ecosystem liquidity. It offers Ethereum compatibility with EVM-identical execution. 

 saw the launch of Governance Guardians, new ecosystem projects like BeraToners and Lair Finance, and collaborations between Berachain projects like Euler and Beraborrow. The community remains active with multiple initiatives and ongoing promotions.

Check out the latest prices, charts, and data of 

 suggests replacing Ethereum’s current execution layer (EVM) with RISC-V, aiming to improve scalability, simplify the execution layer, and boost efficiency. This change would allow smart contracts to remain compatible with existing Ethereum infrastructure while providing significant optimizations for the execution of smart contracts, especially in relation to zk-EVM proving. RISC-V-based smart contracts could bring efficiency gains of up to 100x in certain cases, particularly by optimizing time-consuming processes like state computation and block execution. Two potential implementation paths are proposed: maintaining dual VMs (EVM and RISC-V) or transitioning to a RISC-V interpreter for EVM contracts. This change could simplify the execution layer and enhance the long-term scalability of Ethereum.

Yesterday, BTC spot ETFs saw $339.7M in total inflows, with $303.1M from non-GBTC funds and $36.6M from GBTC.

, with an airdrop to follow. Users can earn points by depositing tokens such as ETH, USDC, and USDT. Those who previously participated in the Cred farming season and ranked in the top 31,250 can now claim their SuperAlien NFTs by minting all rewards on the site.

Beginner

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Vitalik Buterin's proposal to replace Ethereum's EVM with RISC-V for enhanced scalability and efficiency

Learn how to mint an NFT for free in these three NFT marketplaces – OpenSea, Rarible, and Mineable.

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While NFT may have lost some of its luster as compared to the past, it still retains a large community of creators and investors. Some of the most expensive NFTs can cost up to millions. Everyone wants to mint an NFT, but not everyone can afford them due to sky-rocketing 

But did you know that you can mint NFTs for free? Though some marketplaces charge expensive gas fees to mint your digital art, new marketplaces are coming up with cheaper and better ways to mint.

In this article, we will look at different ways to mint an NFT for free without having to worry about paying gas fees. 

, unique packets of digital data representing ownership that cannot be replaced by anything else. NFTs can be anything digital, such as music, sketches, artworks or drawings. But these days, the greatest excitement is around using technology to sell digital art.

The growing popularity of NFTs has attracted many creators and artists looking for blockchain-based technology to monetize their talents and earn profits. NFT artist Beeple, known for his top-selling NFTs, had 

NFT minting is the process of uniquely publishing your token on a blockchain to make it purchasable. In simple terms, minting is converting your digital file into a digital asset that can be bought or sold by adding it to a blockchain, typically that of Ethereum.

NFT markets have quickly grown, and myriad digital files are exchanged daily. But buying, selling and transferring NFTs typically comes with high gas fees. In fact, the average cost of minting an NFT could be 

. While Nifty Gateway has created a smart contract to 

, who among us wouldn’t prefer being able to sell their NFT art free of fees?

 are decentralized networks that aren’t owned by any central authority. Miners maintain the blockchain and mint creators’ NFTs by using their own computing power and resources, earning gas fees as an incentive in return.

You may be wondering: If there are fees involved in minting tokens, how is it possible to sell NFT art for free?

To overcome the higher gas fees, you can try lazy minting, whereby an NFT is available outside the blockchain and is only minted after a sale. This means you don’t have to pay gas fees as they are borne by the buyers instead. Some of NFT creators’ most preferred NFT marketplaces for minting NFTs for free include OpenSea and Rarible. While a less popular platform, Mintable also allows you to mint NFTs for free with an Easy option that creates gasless NFTs.

OpenSea is the first and largest marketplace for NFTs, where you can buy and sell any digital goods in the form of assets stored on the blockchain. It supports multiple blockchains like 

, focusing on growing the marketplace for creators, buyers and sellers. 

Creating an NFT on OpenSea is free, but selling it is not. The OpenSea marketplace 

 before they can sell NFTs on the platform. The first fee is charged while initializing an account, priced between $70 and $300. The second fee of $10 to $30 is required to enable OpenSea to access the NFT. This platform is among the most trusted and preferred by NFT traders.

Follow the step-by-step guide below to mint your first NFT on OpenSea for free. 

, you must log in through your cryptocurrency wallet account, which supports multiple blockchain networks. The most commonly used wallet on OpenSea is MetaMask, which can be created and used for free.

2. Create an OpenSea account and connect a wallet

Then, create an OpenSea account and link your wallet to it.

Next, set up your first OpenSea collection by going to your 

. Fill in the relevant fields — your name, logo, descriptions, price and royalties, etc.

 costs can be high, make sure to switch to the 

at this step to make your minting process gas-fee-free. 

Begin minting NFTs by clicking on the collection, and then on the 

 option. This will open up the form. Upload the piece of media that you want to convert into an NFT. Click on 

Now you’re done. You’ve just minted your first NFT on the Polygon Network, without paying gas fees. If you want to sell this NFT, click on 

Rarible is an Ethereum-based platform that facilitates the creation and sale of digital assets on blockchains. Rarible is both a marketplace and a network built on Ethereum that facilitates trade between them. It even has its own token, RARI, an ERC-20 governance token that allows its holders to propose improvements to the marketplace.

To create NFTs for free on Rarible, follow the steps given below:

When your NFT is sold on Rarible, it will be minted, which automatically transfers the gas fees to the buyer.

Mintable is another Ethereum-based platform. What differentiates it from others is that its gasless NFT creation process isn’t just free, but also easy. With its breezy steps, it’s an ideal platform for beginning users. That said, it has a 5% service fee for the completion of a sale. 

If you want to mint an NFT for free, just follow these steps:

Once you’ve minted your NFT, the next step is promoting it with a systematic marketing plan that helps you reach potential buyers. The crypto and NFT marketplace is saturated daily, so it's essential to ensure buyers find your creation and buy it the right way. Once you “drop” your NFT, your next task is to let the world know about it. The following points can help you if you’re wondering how to reach NFT collectors.

Community plays a significant role in any online business. As an artist or creator, building a community where you can talk to your followers, connect with them and introduce them to your projects is essential.

Continuous engagement in the community can help your NFT price increase, and your asset will be worth building upon. When you plan to create an NFT, let the people in your community know about it. Your NFT should be the only thing discussed within your community. You can get help from various community managers, who can do this work for you for a fee.

Promoting your digital art is not a one-day task. You must create hype around your NFTs within your community (and crypto nerds) to get traffic on your marketplace and help the artwork reach a higher price. NFT promotion can be done within the community and across available social media platforms to engage multiple users toward your artwork. Using tools like NFT Calendar, you can launch your NFT on a large scale.

Trade the hottest NFTs today at the Bybit NFT Marketplace now

As an aspiring NFT creator, your first step toward promoting your NFT should be 

, which you can use to build hype around your NFT drops. NFT calendar allows you to list events for free, and to set up your calendar for the date you release your NFTs. Fill in all the required details about your artwork and submit it. Your event will show on the upcoming NFT drops sections in NFT Calendar.

Social media is undoubtedly the most effective tool for marketing your NFT. It doesn't matter if you have a large enough promotion budget; you can still gain popularity on social media with the right marketing skills. Platforms like Medium, Instagram, Reddit, Twitter (most used), Discord and TikTok can be immensely helpful when promoting NFTs online. 

Collaborate With Influencers Regarding Your Artwork

This decade is undoubtedly the period of influencers and collaborations that can help your artwork reach more people and create awareness about your product. Tech influencers on different platforms can help you promote your NFT in their community, and can kick-start your project’s journey. Their promotions will definitely contribute to substantial traffic on your landing page.

If you’re a digital art creator, explore NFTs and mint one for free to see if this interests you. If you find this space as exciting as your artwork, you can also try out other NFT marketplaces that charge gas fees — but which also provide a good amount of return. Who knows, you may very well be the next 

How to Mint an NFT for Free

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